CORESTATE has launched its next student housing property located in the Spanish university city of Pamplona with an investment volume of around EUR 30 million. After its completion in 2023, it will be operated under the company’s Youniq brand, which is already represented in Seville and will expand its presence in Spain by 2022 to include additional properties in Barcelona, Salamanca and Valencia.
Youniq’s total portfolio (GAV) in Spain will then be worth approximately EUR 220 million, with more than 1,500 beds. Corestate plans to expand its capacity there in the Micro Living sector, which also includes serviced apartments and co-living, by up to 1,000 beds per year.
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